The United Auto Workers threaten to strike at the plants of the Big Three automakers — Ford (F), General Motors (GM), Stellantis (STLA) — in the hopes of disrupting incoming profits and negotiate better benefits for union workers. The deadline to reach a new agreement is Thursday, September 14, at midnight.Yahoo Finance Autos Reporter Pras Subramanian discusses where the negotiations stand and what the UAW is demanding, including a 40% pay hike and defined pension plans.
UAW strike looms over negotiations ahead of Thursday deadline
09/13/2023 21:50
The United Auto Workers threaten to strike at the plants of the Big Three automakers — Ford (F), General Motors (GM), Stellantis (STLA) — in the hopes of disrupting incoming profits and negotiate better benefits for union workers. The deadline to reach a new agreement is Thursday, September 14, at midnight.Yahoo Finance Autos Reporter Pras Subramanian discusses where the negotiations stand and what the UAW is demanding, including a 40% pay hike and defined pension plans.
Reuters
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The Wall Street Journal
UAW Bends on Wage Demands as Talks Progress in Detroit
The United Auto Workers union is bending on its pay-increase demands, with recent proposals asking for a mid-30% raise, rather than the 40% increase the union initially targeted. The union is negotiating new four-year labor contracts with Ford Motor General Motors and Jeep-maker Stellantis The current contracts expire at 11:59 p.m. ET Thursday, and the UAW has said workers could strike all three companies if tentative agreements aren’t reached by then. Union negotiators recently offered proposals that include a mid-30% wage increase, and the sides have exchanged multiple offers in recent days, according to people familiar with the talks.